Why Focus on Employee Engagement

Why Focus on Employee Engagement? 13% are engaged 24% are actively disengaged 63% of employees worldwide are not engaged at work Gallup, 2013 DO SOMETHING DO NOTHING Organizations with recognition programs have 14% better employee engagement on Disengaged employees cost the US Economy $300B/year in lost productivity. $300 average. BILLION Bersin by Deliotte, 2012 Gallup, 2013 I QUIT! Corporations with engaged employees had 2x the stock price compared to industry Nearly 40% of employees who expect to resign from their jobs within 12 months are less satisfied with Companies providing non-cash rewards and recognition have 3x the revenue compared to those who do not. 43% of employees cite a lack of recognition as their reason for quitting. averages. their jobs. Incentive Performance Incentive Research Center, 2009 Foundation, 2012 Forbes, 2013 HR Council, 2008 $ 2$ 24 $11B A well-known United States based Fortune 500 computer manufacturer implemented an employee recognition program. Total sales increased by 25% and the customer base increased by 35%. US businesses lose $11B/year due to employee turnover. Incentive Research Foundation, 2012 US Bureau of National Affairs, 2013 AWARDS NETWORK TM Get in touch! Join our community [email protected] http://awardsnetwork.com f in Sources: 1) http://www.dalecarnegie.com/imap/white_papers/employee_engagement_white_paper/ 2) http://www.bersin.com/News/Content.aspx?¡%3D15543 3) http://www.huffingtonpost.com/marilyn-tam/how-to-be-happy-at-work_b_3648000.html 4) http://www.incentivecentral.org/business_motivation/whitepapers/the-economics-of-engagement.2292.html 5) http://theirf.org/research/content/6085642/rewards-and-recognition-as-a-vital-compensation-component/ 6) http://www.forbes.com/sites/alanhall/2013/03/11/im-outta-here-why-2-million-americans-quit-every-month-and- 5-steps-to-turn-the-epidemic-around/ 7) http://www.hrcouncil.ca/documents/LMI_satisfaction_retention.pdf 8) http://theirf.org/research/content/6088027/roi-of-incentive-programs-direct-sales-case-study/ SALES